Miscellaneous

Subordinate legislation made under retained direct EU legislation
43
1
The Financial Services and Markets Act 2000 is amended as follows.
2
In section 425C (“qualifying provision”)—
a
the existing text becomes subsection (1),
b
after paragraph (b) of that subsection insert—
ba
other subordinate legislation made under retained direct EU legislation;
,
c
in paragraph (c) of that subsection omit “(within the meaning of the Interpretation Act 1978)”, and
d
after that subsection insert—
2
In this section, “subordinate legislation” has the same meaning as in the Interpretation Act 1978 (see section 21 of that Act).
3
In paragraph 8(3) of Schedule 1ZA (Financial Conduct Authority’s arrangements for discharging functions: legislative functions), in paragraph (a), after “rules” insert “under this Act or under retained direct EU legislation”.